Wachovia is merging with Wells Fargo, and many if not all accounts are migrating over the middle of April. I have been getting messages about how to move my banking over to their web site, so far so good.
Buried deep in the fine print is the following statement:
Wells Fargo does things differently then Wachovia. Money scheduled for on line payment may be taken out of your account as many as five business days prior to the payment date.
I get paid on the 16th, and thus have a pile of payments scheduled for the 17th of every month.....if I hadn't noticed the crap would have hit the fan BIG TIME around the 11th, when I least need it.....
The good news is, many of my payees have agreed to move the due dates to the 24th/25th, so to a great extent I am able to pass the buck, so to speak....
I can only imagine how many people are going to fcuk this up and how many millions WF is going to make in late fees.....bastards.